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Steve and Karen are going to establish a business entity. They expect the business to be very successful in the long-run, but project losses of approximately $100,000 for each of the first five years. Due to potential environmental concerns, limited liability is a requisite for the owners. Which form of business entity should they select?
Philosophy
The study of fundamental questions regarding existence, reason, knowledge, values, mind, and language.
Cultural Relativist
A view that moral or ethical systems, which vary from culture to culture, are all equally valid and no one system is really "better" than any other.
Ethical Relativist
Someone who believes that morality is relative to the norms of one's culture, meaning that what is considered moral in one society may be considered immoral in another.
Practices
Customary ways of operation or behavior in a particular area or field, often referred to as the actual application or use of an idea, belief, or method.
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